RECEIVED AMOUNT Meaning and
Definition
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The term "received amount" refers to the total sum of money or assets that an individual, organization, or entity has obtained or collected. It is the cumulative value of payments, funds, or goods that have been received from various sources, such as customers, clients, donors, or investors.
In the context of financial transactions, the received amount represents the actual amount of money or assets received by a recipient, typically in exchange for goods, services, loans, investments, or as donations. It is the specific sum that is credited to an account or recorded on a financial statement to indicate the income or revenue acquired by an entity.
The received amount can include various types of receipts, such as cash payments, bank transfers, credit card transactions, checks, or any other form of payment acknowledged and verified by the recipient. It is an essential metric in accounting and financial reporting, as it contributes to determining the financial performance, profitability, and liquidity of an individual or organization.
Additionally, the received amount may also encompass non-financial items or assets received, such as goods, merchandise, property, or services rendered in barter transactions. These non-monetary assets are measured and valued based on their fair market or exchange value at the time of receipt.
Overall, the concept of "received amount" provides a clear and comprehensive measurement of the value and magnitude of funds or assets received by an entity, highlighting its financial inflows and economic transactions.
Common Misspellings for RECEIVED AMOUNT
- eeceived amount
- deceived amount
- feceived amount
- teceived amount
- 5eceived amount
- 4eceived amount
- rwceived amount
- rsceived amount
- rdceived amount
- rrceived amount
- r4ceived amount
- r3ceived amount
- rexeived amount
- reveived amount
- refeived amount
- redeived amount
- recwived amount
- recsived amount
- recdived amount
- recrived amount
Etymology of RECEIVED AMOUNT
The word "received" comes from the Old French word "receivre", which in turn is derived from the Latin word "recipere". "Recipere" consists of the prefix "re-" meaning "back" or "again", and "capere" meaning "to take". The combination of these roots in Latin creates the concept of "taking back" or "accepting".
The word "amount" originates from the Old French word "amonter", which derives from the Latin word "ad montare", meaning "to mount" or "to rise". Over time, "amonter" evolved to "amounter" in Middle English, and eventually became the modern English word "amount". It is used to express the idea of gathering or piling up.
Together, the words "received" and "amount" combine to form "received amount", which refers to the quantity or total that has been taken in or gathered.
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